ICX broke out of accumulation zone and a while looked like a pump and dump pattern. Buyers stepped in and prevented the price from falling. 50% fib retrace level confirmed as support and 4h candle is now looking to close above the initial close. There is also a multi timeframe confirmation on the move, including 1d, 4h, 1h and also smal 30 and 15 min timeframes....
Very nice weekly bullish candlestick reconfirmed the previous buy signal on the daily chart (engulfing bar of 29 June). Confluence with bottom of channel trend line and 1.618 fib level. Good place to enter a medium term long position.
MID TO LONG TERM SIGNAL
Icon been sleeping whole year and reach the bottom all time low ...
for investors and coin holders .. its the time to wake up this dragon ..
Targets on chart ..
start laddering the buy zone area
no stop loss needed here
use small bags on each small dips ...
dont use all your capital in one coin
ICON NEXT EVENTS
31 December 2018...
Either ICX is going to enter some intense accumulation for a couple months here or we will see a breakout from this triangle. Only time will tell. If BTC breaks down to the bearish 3k-5k scenario I would expect ICX to break down from this triangle.
. ICON/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
. Price is in the support zone...